After World War II, Japan developed rapidly in the fields of automobile and manufacturing by copying American industry. In the 1980s, Japan ranked second in the world economy, and its GDP even reached half that of the United States. So Japan bought Hollywood, Rockefeller Plaza, and many American landmarks. At this time, Shintaro Ishihara wrote "Japan can say no" and other books, declaring to the world that Japan is about to surpass the United States. At the same time, the collapse of the Bretton Woods system in the United States in the 1970 s led to the decoupling of the dollar from gold, and all countries in the world had to retrieve their own gold from the United States, which led to the extreme danger of the dollar and the decline of the dollar index. So 1985, the United States, Britain, Germany, France and Japan signed the famous Plaza Agreement in new york Plaza Hotel, ostensibly to "devalue" the US dollar against other major currencies, so as to increase American exports to save the American economy and save the American economy.

Under the pressure of US Treasury Secretary "Baker", the Bank of Japan was forced to agree that within a few months after the Plaza Accord was signed, the yen would range from 250 to 1 to 1, and then to 90 to 1, with the highest value reaching 70 to 1.

Knowing in advance that the yen will appreciate sharply, a large number of foreign capital will flood into Japan. Due to the appreciation of the yen, Japan's export industry is on the verge of collapse, and a large amount of funds have entered the stock market and the property market. So overnight, Japan's stock market and property market soared, even reaching the point where the house price in one area of Tokyo exceeded the sum of the house prices in the United States. On February 29th, 1989 and 19, the Nikkei even reached a high of 389 15.

In the same period, the second financial killer in the United States also laid out Japan, which is stock index futures. The so-called stock index futures is to bet whether the stock will go up or down. At that time, everyone in Japan was carried away and thought that stocks could not go on, while the United States was selling stock index futures in Japan to short Japan.

When everything was ready, on June 5438+0990 65438+ 10/2, the American stock exchange suddenly appeared the "Nikkei Stock Index Certified Put Warrant", which completely collapsed in less than a month. As a result, Japan began a real estate decline in 14, and the stock market fell. Even today, Japan has not recovered.

So here is an account that can be calculated well. Because the participating countries knew the contents of the agreement in advance, they brought a large amount of US dollars into Japan, for example,/kloc-0.0 million US dollars, which can be converted into 250 million yen, which soared many times in the Japanese stock market, assuming it reached/kloc-0.0 million yen. At this time, they began to sell stocks, convert them into cash, buy stock index futures to short Japan, and make a profit again, reaching 200,000 yen. At this time, Japan's finance has collapsed, and these foreign investors began to flee Japan, trying to convert Japanese yen into dollars. At this time, the exchange rate is 70 1, and the Japanese government needs to buy back $28.57 million. And this is only a short-term profit of $654.38 million.